Technology Disruption
(Generic bias)
What is Disruption?
Technology Disruption Vs Disruptive Technology
Not New (Examples of disruption from times past)
Why is called "Disruption"?
Causes of Disruption
Effects of Disruption
Positive Effects
Negative Effects
- Eroding Jobs (Unskilled, Semi-Skilled, Skilled)
Winners (AirBnB, Uber) & Losers (Traditional hotels, Traditional taxis, Kodak, Nokia, Blockbuster, Blackberry)
Examples
Managing Disruption Change
Evolve:
whosoever desires constant success must change his conduct with times
-Niccolo Machiavelli
"who moved my cheese"
Examples:
Nokia (from bicycle to phones)
IBM (from traditional hardwares to artificial intelligence)
Attitudinal change:
Nothing wrong with being ignorant at first
Be abreast of customer tastes, market demands.
(Easier said than done especially for cross-generational considerations - generational bias: the natural tendency to expect every other generation to conform to our own ideals. Demographics.) Slide 32 Week 1)
Constantly scan, research, explore new technologies
Disruption in Nigeria
Disruption in CBN
(as a conservative organization)
Build Dynamic Capabilities
(There are two types of organizational capabilities: Operational capabilities and Dynamic capabilities)
Innovator's dilemma
(factors that make a system reproducible also make it resistant to change) Hannan and Freeman
Slide 32 Week 1
The end of oil
UAE is already doing something about it.
Neo-Agrarian Age
Robotic Farming to eliminate the labour-intensiveness of farming
(Video of those robots)
Rapid Advancing Technologies
Cause(s) of disruption
Innovations (technology base)
Not all innovation lease to disruption
Blockchain Technology
Nanotechnology
Virtualization
miniaturization
Way Forward (Global Perspective):
Universal Basic Income
Wearables (google glass)
blood pressure monitor
etc
Changing Demographics
Rapid Globalization
Focus on Sustainability
cloud computing
Challenging Economic Climate (competition)